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Man Infraconstruction’s subsidiary, Man Projects, has received an order worth ₹752 crore to develop the fourth container terminal at Jawaharlal Nehru Port in Mumbai, the company told the stock exchanges in a release on Tuesday. The order comes from Bharat Mumbai Container Terminals Pvt Ltd, a subsidiary of Singapore-headquartered PSA International. “We are delighted to win this prestigious order which is one of the biggest single orders awarded for pavement work in port infrastructure industry,” Managing Director Parag Shah was quoted as saying in the release. Shah added that the order has to be executed in a “tight time frame”. Shares of Man Infraconstruction closed at ₹44.15, down 3.9 per cent, on the NSE.
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